This is my latest wave scenario of USD/JPY which shows us a Diagonal wedge consolidation with wave 3-sub-3-4. I am assuming one more upward leg of 3-sub-3-5 before declining to get a Possible Gap filling Chance in the next week.
If Possible Yellow zone breakdown won't be happened, USD/JPY goes to 120.40 area first. However we will be able to get a Gap filling Chance if it will be.....The only chance is within next week due to the Black supportive Line.
Cautious: I described maximum wave counting with this Chart, but there might be 3-sub-3-5 Top done already (at 116.82 today) in case of counting shorter.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.